Saimadhav Chit Funds Private Limited
About Saimadhav Chit Funds Private Limited
Data last updated:
Saimadhav Chit Funds Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial intermediation and lending segment of the financial services sector. It was incorporated on 09 February 2017.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2017PTC115121.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10.34 Lakh. It was led by directors including Ravi Vemula and Prasad Rao Madavaram.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 17 – 1 – 382/K/5/B Karmanghat Vishnupuri Colony, Hyderabad, Telangana, India – 500079.
As per the financials filed for FY 2018, the company reported a revenue of ₹12.92 Lakh. For the same year it recorded a net loss of ₹4.66 Lakh (net margin -36%) and EBITDA of -₹4.39 Lakh (EBITDA margin -33.9%).
Company details
Contact details
Saimadhav Chit Funds Private Limited's registered office is in Hyderabad, Telangana.
- Registered Address17 – 1 – 382/K/5/B Karmanghat Vishnupuri Colony, Hyderabad, Telangana, India – 500079
- IndustryFinancial Services, Other Financial Intermediation
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Saimadhav Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Saimadhav Chit Funds Private Limited, buy the company report.
Financials of Saimadhav Chit Funds Private Limited
FY 2018 filings availableSaimadhav Chit Funds Private Limited reported revenue of ₹12.92 Lakh for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹4.39 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.66 Lakh | |
| Balance Sheet | ||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -33.9% | |
| Net Profit Margin | -36% | |
| Return on Equity (ROE) | ||
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To see the full financial statements and ratios of Saimadhav Chit Funds Private Limited, buy the company report.
Board of directors of Saimadhav Chit Funds Private Limited
Saimadhav Chit Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Vemula | Director | 09 Feb 2017 | 9 Years 8 Months | As last reported |
| Prasad Rao Madavaram | Director | 09 Feb 2017 | 9 Years 8 Months | As last reported |
| Giri Babu Madhavaram | Director | 09 Feb 2017 | 9 Years 8 Months | As last reported |
Peer comparison
Saimadhav Chit Funds Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ramasetu Chit Funds Private Limited | ₹13.13 Lakh (FY 2021) | -20.0% | Prakasam, Andhra Pradesh, India | |||
| Ramabhakta Chit Funds Private Limited | ₹13.08 Lakh (FY 2025) | 44.0% | Adilabad, Telangana, India | |||
| Manian Chit Funds Private Limited | ₹13.06 Lakh (FY 2025) | 1.0% | Poompuhar, Tamil Nadu, India | |||
| Kandi Chit Funds Private Limited | ₹13.05 Lakh (FY 2022) | -9.0% | Warangal, Telangana, India | |||
| Shubhanandini Chit Funds Private Limited | ₹13.01 Lakh (FY 2025) | -49.0% | Warangal, Telangana, India | |||
| Saimadhav Chit Funds Private Limitedthis company | ₹12.92 Lakh (FY 2018) | -₹4.66 Lakh | -36% | Hyderabad, Telangana, India | ||
| Krisnakamal Chit Funds Private Limited | ₹12.86 Lakh (FY 2025) | 33.0% | Pollachi, Tamil Nadu, India | |||
| T R S Chit Funds Private Limited | ₹12.84 Lakh (FY 2025) | -19.0% | Tamil Nadu, India | |||
| Thirumalai Srinivasa Chit Funds Private Limited | ₹12.84 Lakh (FY 2024) | 17.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Kollori Chit Funds India Private Limited | ₹12.8 Lakh (FY 2021) | 19.0% | Hanamkonda, Telangana, India | |||
| Sri Komagal Chit Funds (India) Private Limited | ₹12.63 Lakh (FY 2024) | 15.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Saimadhav Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Saimadhav Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saimadhav Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Saimadhav Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Saimadhav Chit Funds Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Giri Babu Madhavaram was appointed as Director on 09 Feb 2017.
Frequently asked questions
Saimadhav Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Saimadhav Chit Funds was a private limited company based in Hyderabad, Telangana, India. The company worked in other financial intermediation, within the financial services industry. It was incorporated on 09 February 2017 and is registered under CIN U65999TG2017PTC115121. The company has been struck off by the Registrar of Companies and is no longer operational.
Saimadhav Chit Funds had 3 directors:
- Ravi Vemula - Director
- Prasad Rao Madavaram - Director
- Giri Babu Madhavaram - Director
The CIN (Corporate Identification Number) of Saimadhav Chit Funds is U65999TG2017PTC115121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Saimadhav Chit Funds is at 17 – 1 – 382K5B Karmanghat Vishnupuri Colony, Hyderabad, Telangana, India – 500079.
Saimadhav Chit Funds was incorporated on 09 February 2017. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Saimadhav Chit Funds on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2017 are in the company report.
Saimadhav Chit Funds operated in the financial services industry, in the other financial intermediation segment. It worked in this industry before it was struck off.
The peers of Saimadhav Chit Funds by revenue are Ramasetu Chit Funds Private Limited, Ramabhakta Chit Funds Private Limited, Manian Chit Funds Private Limited, Kandi Chit Funds Private Limited, Shubhanandini Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Giri Babu Madhavaram was appointed as Director on 09 Feb 2017. Prasad Rao Madavaram was appointed as Director on 09 Feb 2017. Ravi Vemula was appointed as Director on 09 Feb 2017.
The compliance status of Saimadhav Chit Funds is compliant as of 22 September 2026.